We offer Sellers broad capacity and options for deals of various sizes and scope.

We are known as specialists among our peers in certain areas and are capable in many… and will tell you if not.

We have established and highly functional relationships with regulators.

We are the only Lloyd’s Managing Agency specialising exclusively in run-off.

Our due diligence establishes the standard of care in run-off.

We are consistent and reliable in our pricing.

Several sellers like what we do and come back to us, repeatedly.

*Based on third-party market research commissioned by RiverStone

Solutions

RiverStone offers sellers a concentration of complex claims management expertise in one place, managed by skilled and tenured professionals who employ ownership, accountability, and commitment to cultivate transactional security and maintain sellers’ reputations.

RiverStone has transacted various types of deals – from insurance and reinsurance run-off portfolio purchases to outright acquisitions. We approach all our deals and stakeholders with the same level of professional integrity, innovation, and scrutiny to maximize the outcomes for sellers (finality, price, and reputation management) and shareholders, alike.

Insurance and Reinsurance Lines of Business that We Cover Include:

Asbestos, Pollution, and Health Hazard

General Liability

Workers’ Compensation

Employers Liability and Public Liability

Personal and Commercial Auto

Marine and Aviation

Medical Malpractice

Property

Portfolio

Successful RiverStone transactions have included active company acquisitions with transfer of renewal rights to affiliates, active company acquisition with termination of policies in force, and inactive company acquisitions. In the UK, we have closed multiple RITC transactions and provided portfolio reinsurance run-off for multiple companies.

In fact, we are constantly “on the move” for our clients. Worldwide, RiverStone manages more than 500 active litigations and arbitrations for seller portfolios, and we have negotiated over 200 commutations of assumed and ceded reinsurance arrangements over the past 20 years.

Over the course of our history, RiverStone has successfully resolved legacy claim and reinsurance issues, as well as contributed to the establishment of industry case law positively affecting our clients.

40%

of our deals have been exclusive

50%

of our deals have been brokered through third parties

60%

of our deals are with repeat sellers, influenced by prior deals and relationships

Case Studies

The only specialist run-off provider operating at Lloyd’s of London

RiverStone and Lloyd’s have collaborated over a number of deals in a very relationship-driven approach, working on both discontinued structures and RITCs. Focused on simplifying administrative issues, RiverStone operates in a “state of readiness” for new deal types where we can deliver finality and peace of mind.

Speed and safety, all in one place

For one UK insurer, the Seller cared most about reputation and a quick close. RiverStone flexibly oriented ourselves to serve and support a complex situation with multiple parties. The deal closed in 90 days, from NDA to execution. RiverStone handled the volume of capital and claims that the transfer of the book required, including the migration of over 30 employees to RiverStone. The Seller invited RiverStone to its next deal elsewhere in Europe as a result.

UK Insurer

Discretion and professionalism take the day

The Seller sought a profitable exit with legal finality. RiverStone’s due diligence differentiated our view of what was possible and what could make this deal work for everyone. In a very collaborative process with the Seller’s third-party broker, RiverStone stood out among two other run-off providers as the chosen partner. RiverStone’s due diligence paid off for all the stake holders, yielding savings that were divided among the parties involved.

American Safety Holdings Corporation

Safe hands for shareholders and claimants alike

Driven by Board-level directives to take care not only with the price but with the reputation of the company and service delivery to claimants, the Seller approached several potential run-off providers. RiverStone was selected for our approach to the company and its policy holders, as well as for the fair value we were able to give the Seller. RiverStone offered a “safe harbor” for claimants and shareholders.

Offering the right security and price in an absolute solution

Seeking the most competitive price, the Seller approached multiple providers and then circled back to complete the deal with RiverStone. The deal was closed within 6 weeks, and RiverStone gave the Seller economic certainty (and a reliable price), as well as the legal transfer of exposures. The security of RiverStone was primary, so that the Seller could tell the rating agencies that they had an absolute solution.